Range Financial Group LLC Takes $1.09 Million Position in Copa Holdings, S.A. (NYSE:CPA)

Range Financial Group LLC acquired a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,355 shares of the transportation company's stock, valued at approximately $1,086,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc increased its position in shares of Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock worth $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Copa during the 3rd quarter worth approximately $82,000. Rhumbline Advisers raised its position in shares of Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company's stock worth $132,000 after acquiring an additional 1,380 shares during the period. Optimist Retirement Group LLC acquired a new position in Copa in the 3rd quarter worth about $240,000. Finally, Mackenzie Financial Corp increased its position in shares of Copa by 29.3% in the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company's stock valued at $256,000 after buying an additional 610 shares in the last quarter. Institutional investors own 70.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CPA. UBS Group increased their price objective on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday. StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $153.29.

Copa Stock Up 2.0 %

Copa stock traded up $1.80 during trading on Tuesday, reaching $90.28. The stock had a trading volume of 169,517 shares, compared to its average volume of 218,402. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The business has a 50 day moving average price of $92.79 and a 200 day moving average price of $92.48. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.56 billion, a PE ratio of 5.97, a P/E/G ratio of 0.72 and a beta of 1.44.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business had revenue of $854.71 million during the quarter, compared to analysts' expectations of $864.90 million. During the same period in the previous year, the company earned $4.39 EPS. The company's revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that Copa Holdings, S.A. will post 14.48 EPS for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend was Monday, December 2nd. Copa's dividend payout ratio (DPR) is 42.59%.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.